Binance Labs has launched ColLabs, an invite-only web3 investment and financial community where founders, builders, and investors can share insights and investments sourced from Binance Labs and its portfolio companies.
ColLabs is part of Binance Labs’ strategy of helping Web3 startups achieve success. The company will use the invite-only community to close the gap between mentorship and funding within its incubation platforms.
According to a statement on the crypto exchange company’s website, ColLabs will also look to strengthen the Binance Labs community members with technical know-how.
“It’s our commitment to propelling innovation, nurturing growth, and facilitating collaboration that has driven us to bring this community to life. ColLabs by Binance Labs aims to foster connections within the Web3 venture capital (VC) community and serve as a knowledge exchange hub,” the statement reads.
Binance Labs has been one of the most active companies during the bear market. The company recently led a $10 million fundraising for web3 startup Neutron to build a cross-chain smart contract on Cosmos. It also invested in zkPass’ $2.5 million seed round alongside OKX and Sequoia China.